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The most and least complex jurisdictions for financial compliance in APAC

Future CFO

Tax rates, policies and subsidies can also differ depending on whether a location is in a free trade zone, a special economic zone, or a hi-tech industrial development zone, TMF Group noted. Across these regions, local GAAP is more common than international standards, required in 71% and 44% of jurisdictions respectively.

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Musings on Markets: Data Update 5 for 2022: The Bottom Line!

CFO News Room

The last few years have been eventful for all companies, with the COVID crisis and ensuing economic shut down causing pain for companies, with recovery coming in 2021, as the global economy opened up again. IFRS and GAAP now treat as leases as debt, but that is still not the case in many other markets that are not covered by either standard).

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